HomeMy WebLinkAbout1999 Resolution No. 074RESOLUTION NO. !Ji
SERIES OF 1999
A RESOLUTION TRANSFERRING FUNDS FROM THE GENERAL AND PUBLIC
IMPROVEMENT FUNDS TO THE CAPJ1'AL PROJECTS FUND.
WHEREAS, certain funds were budgeted f'rtai the General Fund with the approval of
City of Englewood's 1999 Bud11et on October 19, 1998; and
WHEREAS, the pa8"age of this Resolution will autfa arize the transfer offunda from the
General an~ Public Improvement Funds to the Capital Projecta Fund; ar.d
WHEREAS, these fur.ds will be used fhr various projects which include land acquisition,
the Year 2000 preparation (YiK), C,ivic Center, ar.d CityCenter Englewood (RTD and
Walmart) Prr,j«:ts;
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NOW, ·rHEREFORE, BE IT UESOLVED BY '1'HE CITY COUNCIL OF TJJE CITY OF
ENGLEWOOD, COLORADO, THAT:
~-The City of. Englewocd 1999 Budget ia hereby ainended aa follows:
GENJ;:RAL FUND:
Source oi· Ftmd,:
Unreserv""/U~nesignated F\md Balance
lle.ae of Funde ·
T.·ansfera Out of Capiw Projecte Fund
PUBLIC IMPROVEMENT FUND :
Source of Funde:
Girard Project
Santa Fe Landscaping Project
Sidewalk Project
Total Sourceo of Fuude
CAPI1'AL PROJJl:CTa:! FUND:
Transfers In From General F1md.
Transfers In From Pu 1J.:.ic Impr ovelJ\e1n. Fund
Total Sources of Funde
Use of Funds :
Kiewit Property Acquisition
Chi.c Center Project
Y2K Project
Girard Right-vf-W,:y Acquisition
C1cyCenter Englewood ProjGCt
"rntal Uses of Funde
i7.614,000
$7,614,000
$1 ,034,000
$ 562,000
L.llllll.llllll
$1 ,8P6,00
$7,614,000
~r.Qll
$9 ,~10,,100
$1 ,000,00G
$2 ,000 ,0~?
$1,000,000
$ 700,000
lifilJ!JlWl
$9,510,UOO
lill:l;iimj. The City Manager and the Director of Financial Servi<>!& are hereby autlwized
to make the abon change■ to the 1999 Budget of the City of E1.glewood .
ADOPTED AND APPROVED thia 6th day of July, 1999.
. ~ ftj
I, Lo,·trishia A. Ellil, City Clark fowj,e City of Englewood, Co
above ia a true copy of Reaol11tion No.'.Ct Senn of 1999.
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COUNCIL COMMUNICATION
Date Agenda 11am Subject Tr11nlfer of funds
from the General and Publlc
Improvement Funds to the
July 6, 1999 11 c i Capital Proj1c:ts Fund
Initiated By
Department ol Financial Services
I Str.f Soul'CI
Frank Gryglewicz, ,Dlreotor
COUNCIL GOAL AND PREVIOUS COUNCIL A·::TION
The Council approved tha 1999 Budget and Appropriation on final reading October 19, 1998.
RECOMMENDED ACTION
Staff recommends the City Council approve the attached resolution to transfer $7,614,000 from the
General Fund, and $1,896,000 from the Public Improvement Fund to the Capital Projects Fund. Thftse
funds will be used for land acqulsitlor., and the Year 2000 (Y21<.1, CMc Center, CltyCantar E~glewood
(ATD and Walmart) Projects .
An attachment outlines the use of the funds for the CityCenter Englewood \RTD and Walmart) Project
t
The sources and uses of funds are:
GENERAL FUND:
Source of Fund1:
Unreserved/Undesignated Fund Ba lanca
u,. of Funds:
Transfen; Out to Capttal Projects Fund
PUBLIC IMPROVEMENT FUND:
Source of Funds:
Girard Project
Santa Fe Landscaping Project
Sidewalk Project
Total Sources of Funds
Uae of Funds :
Transfers Oct ,,, Capital Projects Fund
CAPITAL PROJECTS FUND:
Source o~ Funds:
Transfers In FrOIT' Gen9ral Fund
Transfers In From Public lmprov&ment Fund
Total Sources of Funds
$7,614,000
$7,614,000
$1,034,000
$562,000
~
$1 ,896,000
$1,896,000
$7,614,000
$1,896.000
$9,510,000
um qt Fyndlj
Kiewit Prop,rty Acquisition
Civic Canter Project
Y2K Project
Girard Right of Way Acquisition
CityCantar Englawooc' Project
Total Uaaa of Fwd!
11,~,. ·1n'°I
$1,000,000
$2,000,000
$1,000,000
$700,000
~
$9 .~.0,000
The City of E:nglewood Is required by City Char:ar to appropriate or transfer funds from one fund to
another by resolution .
This action will reduce the unreserved/undeslgnnted fund balance In the General Fund by $7,614,000
and funds available for above listed Public Improvement Fund projects by $1,896,000. The Capital
Projects Fund will receive a transfer of $9,510,000 for the projects listed aoove.
UST OF ATTACHMENTS
Proposed resolution
CityCantar Englewood RTD and Walmart Budget
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